If Agricultural Price Supports Are Combined with an Output Restriction,then

question 2

Multiple Choice

If agricultural price supports are combined with an output restriction,then there is:

• A)an expansion of both consumer surplus and producer surplus due to a deadweight loss
• B)an expansion of consumer surplus and reduction in producer surplus due to a deadweight loss
• C)a reduction of both consumer surplus and producer surplus due to a deadweight loss
• D)the disappearance of any deadweight loss
• E)no change in consumer surplus or producer surplus

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Definitions:

Tort Of Assault

A wrongful act or threat of action that causes a person to fear imminent physical harm.

Without Battery

An incident involving assault where a threat or attempt to cause harm is made, but physical contact (battery) does not actually occur.

Legal Action

A process involving the pursuit of a lawsuit or litigation to resolve disputes or enforce rights through the judicial system.

Tort Of Nuisance

A legal action for damages caused by a person’s unreasonable use of their own property, causing inconvenience or damage to others.